Costco has struck gold by selling its one-ounce bullion bars — so much so that the big-box retailer is reportedly raking in as much as $200 million a month as the price of the precious metal skyrockets.Revenue “may now be running” at $100 million to $200 million monthly, Wells Fargo said, according to CNBC — a rapid acceleration from the $100 million sold in one-ounce gold bars in its fiscal first quarter that ended in late 2023.“Our work suggests there has been significant interest given COST’s aggressive ...

Costco Wholesale got into precious metals sales last year with gold bars and, according to a Tuesday research note from Wells Fargo, those may have picked up quite a bit since then. In the note, Wells Fargo equity analyst Edward Kelly wrote Costco’s sales of gold and silver "seem to have grown considerably" since then-CFO Richard Galanti announced in mid-December the retailer had "sold over $100 million of gold during the [first] quarter." COSTCO WILL CRACK DOWN ON NON-MEMBERS EATING AT FOOD COURTS Costco r ...

Costco (NASDAQ:COST) is known for providing bulk items at incredibly low prices, but recently, many investors have increasingly been talking about Costco gold bars as the latest draw to bring folks through the door. (Yup, maybe as much as the $5 chickens and $1.50 hotdog & drink combos). Analysts provided an update on where they think Costco’s gold bar sales are coming in at. Wells Fargo analysts suggest this business could be worth as much as $200 million a month for the mega-retailer.I have to say, this n ...

The U.S. housing market looks to be on shaky ground. Lofty mortgage rates have set a high bar for first-time buyers to enter the housing market, with many consumers finding it difficult to qualify for a mortgage as rates are currently near 7%. At the same time, a lack of housing supply across America has pushed home prices to near-record levels. The National Association of Realtors (NAR) reports that the median price of a home in the U.S. of $384,500 seen in February of this year is not far from the all-tim ...

Gold has turned into money for Costco, where yellow-metal sales begun last year have turned into a cash cow for the big-box retailer.In fact, sales are so brisk that analysts at Wells Fargo expect revenue "may now be running at" $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023."Our work suggests there has been significant interest given COST's aggressive pricing and high level of customer trust," Edward Kelly, an equity analyst at the ...

Investors love it because it's a reliable market-beater -- and also an excellent dividend stock.What makes a top dividend stock? A high yield probably tops the list. But it's not the only factor, and investors are often better off avoiding stocks with extremely high yields because they can come with a lot of risk.Other features of top dividend stocks include consistent growth over time, reliability, and strong company performance. A company that's underperforming can't necessarily support a growing dividend ...

Costco Wholesale Corporation (COST) , an esteemed player in the retail discount space, has showcased a decent performance in the stock market. Fueled by its strategic, operational initiatives, such as the customer-centric business, a robust membership program and a commitment to delivering value-driven products, the company's stock has outpaced the Zacks Retail-Discount industry.As a consumer defensive stock, Costco has weathered market volatility admirably. Over the past year, shares of this Zacks Rank #3 ...

(Photo by Scott Olson/Getty Images)Getty ImagesCostco is expanding deeper into health care as it solidifies its relationship with Sesame. Sesame health care offers both telehealth and in-person visits for people who have no health insurance. Through a $99 annual membership, one can talk to, or see, very competent doctors or nurse practitioners. The teleservice appointments allow patients to see doctors quickly and effectively.There are three co-founders of Sesame. They are David Goldhill, co-founder and CEO ...

Costco has a problem, and the only way to solve it is with more stores. That's good news for the company's growth.Membership fees account for just over half of Costco's (COST 1.25%) operating income. This is why keeping dues-paying members happy is vitally important to the business. But that's left the company in a quandary driven largely by its own success. Here's why this retail giant has no choice but to keep opening new stores.Costco is fueled by the membership modelCostco's customers pay a yearly fee t ...

They aren't cheap today, but that could change quickly.Volatility is an unavoidable feature of the stock market, and it's especially pronounced in growth stocks. Investors can count on this market segment being among the first to recover when a broader rally begins. On the flip side, growth stocks tend to fall hard in the early phases of a sell-off.If you can, it's helpful to think of these drops as opportunities to pick up quality businesses at reduced valuations rather than something to be feared. A littl ...